A person spent more than 11 billion VND to buy a Hermes bag from Ms. Truong My Lan

The Ho Chi Minh City Asset Auction Service Center recently announced that both auctions of Ms. Truong My Lan’s albino Hermes bag on the morning of May 21 were successful.

The first auction of the white Hermes handbag size 30 had four bids. The winning amount is 2.54 billion VND, 200 million VND higher than the starting point.

The second session had 119 bids for a bag of the same brand, size 25, with white stones on the buckle and border. The winning price was 11.6 billion VND, far exceeding the starting price of 1.7 billion VND.

Ho Chi Minh City Asset Auction Service Center has not announced the identity of the auction winner. According to regulations, the winner pays in two installments with a period not exceeding 30 days from today. Before that, they all had to deposit 20% of the starting amount.

This is one of the few auctions of civil judgment assets that were successful the first time it was held and the winning price far exceeded the starting price. Previously, Ms. Truong My Lan’s other asset auctions such as yachts and ships had no buyers, leading to having to reduce the starting price to reorganize.

Two Hermes bags were confiscated and confiscated during the second phase of the case at Van Thinh Phat Group. The current owner of the property is Ho Chi Minh City Civil Judgment Enforcement.

During the trial at the end of September 2024, Ms. Lan said that one albino crocodile skin Hermes bag she bought in Italy, the other was given to her by a Malaysian billionaire. “The value is not much compared to the defendant’s assets (which are being frozen), but I would like to return them as souvenirs to leave for my children and grandchildren,” Ms. Lan said.

These bag models have been used by many famous stars such as Kim Kardashian, Jennifer Lopez, and Victoria Beckham.